RegionsRSS
Richard Hopkin

Unshackling securitisation is key to Europe’s post-pandemic recovery

Can Europe finance its recovery with one hand tied behind its back? Europe’s securitisation market has the potential to help address some of the long-term economic damage caused by the Covid-19 pandemic and support the transition to a sustainable economy, but it is being held back by an outdated post-GFC regulatory framework.

Stephanie Rameza

Cryptocurrencies set to shake up payment systems

As investors continue to ride the crypto wave, companies are increasingly accepting bitcoin for transactional purposes. One estimate suggests more than 15,174 businesses worldwide are now doing so, which has implications for payment systems. 

Imam Hoque

BIS warns supervisors to wake up to AI risks

Global standard-setters are brainstorming international standards to oversee the use of artificial intelligence in finance, a growing disruptive trend that poses serious ethical dilemmas like algorithmic bias which disadvantages minorities. Some AI experts say guidance is long overdue. 

Ben Blackett-Ord

Review suggests UK might be hedging its bets on equivalence

There is a high stakes game afoot over how the UK’s financial services will be regulated in a post-Brexit world. At stake is equivalence, whereby the configuration of regulations in the UK and EU are as stringent as each other (or near enough). This would mean that cross-border trade and exchange could occur on a level playing field and, from a regulatory perspective, where neither party has a competitive advantage. 

Erik Nurm

Regulators move to clean up crypto as it goes mainstream

Regulators are stepping up moves to clean up the crypto sector, making it more palatable for supervised financial firms to get involved, but such is its rapid development that there are still fears of potential pitfalls for the financial system. 

Sam Theodore-Scope Ratings

Eurozone banks potentially overstating their capital strength

There is some evidence to suggest that eurozone banks are watering down Basel Committee rules, to mask weaknesses leaving some commentators fretting that many of them are under-capitalised.  

OCC chief compares DeFi to rise of CDSs

Crypto-assets and decentralised finance (DeFi) have uncanny similarities with the rise of credit default swaps (CDS) in the early 2000s, said acting comptroller of the currency Michael Hsu. 

CMU among ESMA’s top 2022 priorities

Supervision, sustainability, digitalisation and the Capital Markets Union (CMU) will be the European Securities and Markets Authority (ESMA) top priorities next year. 

FINMA approves Switzerland’s first crypto fund

Switzerland’s first crypto fund has been approved by the Swiss Financial Market Supervisory Authority, but will be restricted to qualified investors. 

Evergrande

Faltering Evergrande unlikely to become a ‘Lehman’ moment

China’s second largest property developer China Evergrande Group with $310bn in debts, is near bankruptcy, but analysts do not believe the global financial system faces a ‘Lehman Brothers’ moment.